Homes And Condos Under $250,000

I am often asked which neighborhoods have the most homes and condos available for under $250,000 (for those of us not in line to buy Marino's house for $15.9 million).

Beleive it or not, there are nearly 25,000 homes and condos currently for sale under $250,000. 40% of the homes and condos under $250,000 are located in Broward County. 35% are in Palm Beach and 25% are in Miami-Dade.

If your looking to buy for under $250,000, your best bet is a condo or townhouse. 87% of current for-sale listings under $250,000 are condos. There are only about 3,000 homes in South Florida currently for sale under $250,000.

So, your odds of finding a condo for under $250,000 are much greater than finding a single family home in that price-range.

58% of current for-sale listings under $250,000 have 2 bedrooms. 28% have only 1 bedroom. Only 14% of homes and condos under $250,000 have 3 or more bedrooms.

The average home or condo under $250,000 is 850 square feet. Only 3% of homes and condos under $250,000 have more than 1,500 square feet under air.

The Top 25-Cities in South Florida for Homes and Condos Under $250,000:

1. Miami - 2945 4-Sale Under $250,000
2. Delray Beach - 1372 4-Sale Under $250,000
3. West Palm Beach - 1287 4-Sale Under $250,000
4. Boca Raton - 1154 4-Sale Under $250,000
5. Boynton Beach - 998 4-Sale Under $250,000
6. Lake Worth - 936 4-Sale Under $250,000
7. Fort Lauderdale - 877 4-Sale Under $250,000
8. Tamarac - 868 4-Sale Under $250,000
9. Deerfield Beach - 782 4-Sale Under $250,000
10. Pompano Beach - 781 4-Sale Under $250,000
11. W Palm Beach - 770 4-Sale Under $250,000
12. Homestead - 749 4-Sale Under $250,000
13. Sunrise - 679 4-Sale Under $250,000
14. Hollywood - 664 4-Sale Under $250,000
15. Pembroke Pines - 640 4-Sale Under $250,000
16. Lauderhill - 626 4-Sale Under $250,000
17. Coral Springs - 625 4-Sale Under $250,000
18. Miami Beach - 609 4-Sale Under $250,000
19. Margate - 487 4-Sale Under $250,000
20. Coconut Creek - 464 4-Sale Under $250,000
21. Hallandale - 414 4-Sale Under $250,000
22. North Miami Beach - 369 4-Sale Under $250,000
23. Plantation - 347 4-Sale Under $250,000
24. Oakland Park - 343 4-Sale Under $250,000
25. Greenacres - 303 4-Sale Under $250,000

I hope that helps to answer some of your questions. If your looking for a home or condo in South Florida for under $250,000, give Expert a call at 1-800-897-7950 or visit our website at www.expertrealty.com.

*** data as of 8/12/06 for information purposes only. Deemed reliable but not guarentted.

Dan Marino Selling Weston Home for $15,9 Million

Its good to be Dan Marino. Besides being the greatest quaterback ever (according to this lifetime DolFan), #13 is selling his home in Weston for $15,9 million. The Mediterranean style home is 19,500 square feet with 10 bedrooms and 12 bathrooms on over 4 acres.

How cool would it be to buy Marino's house? How cool would it be to have $15.9 million?

Its hard to believe but Dan and his wife Clarie purchased the home for less than $400,000 in 1994. Even if they spent another $5-10 million over the years "fixing it up", that's still a $5-10 million profit in 12 years. Even their real estate agent could make over $750,000 on the deal.

You can see a map of his neighborhood and house values on Zillow.

I'm working on getting some photos of the property.

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